Intel CEO Lip-Bu Tan holds a wafer of CPU tiles for the Intel Core Ultra series 3, code-named Panther Lake, outside the Intel Ocotillo campus in Chandler, Arizona.
Intel reported fourth-quarter earnings Thursday that beat Wall Street expectations but offered soft guidance for the current quarter.
Shares of the company were down as much as 6% in after-hours trading.
Here's how the chipmaker did compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
Earnings per share : 15 cents adjusted vs. 8 cents expected
: 15 cents adjusted vs. 8 cents expected Revenue: $13.7 billion vs. $13.4 billion expected
Intel said it expected first-quarter revenue between $11.7 billion and $12.7 billion, and breakeven adjusted earnings per share. That came in below LSEG expectations of 5 cents earnings per share on $12.51 billion in sales.
The company said it had a net loss of $600 million, or 12 cents per diluted share. In the year-ago period, Intel reported a net loss of $100 million, or 3 cents per share.
Investor expectations were high for Intel heading into the report, with the stock up 147% in the past year. The rally has been driven by optimism that Intel may be on the cusp of securing its first major anchor customer for its foundry business, which manufactures chips for other companies.
CEO Lip-Bu Tan said earlier this month that the company's 18A manufacturing technology — competing with Taiwan Semiconductor Manufacturing Company's 2nm technology — "over-delivered" in 2025. That suggests that the technology is mature enough to start volume production of products, such as Intel's own Core Ultra Series 3 central processor.
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